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Baner: The most important hub for high-end residences in Pune

Friday, 1 July 2016

A popular suburb in western Pune, Baner is witnessing
tremendous growth in terms of real estate. The sky-high growth of the locale
has attracted Pune's leading developers to launch projects there. Today, it is
an important destination for high-end residential properties in Pune. So how
has this all come about? Read on to find out.

Aundh reaches saturation point

Following Pune's IT boom, the city started expanding. At
first it was Aundh that gained popularity as a housing destination for home
buyers from Hinjawadi. However, it couldn't cater to the housing demand
completely as it didn't take long for Aundh's development limitations to reach
the breaking point. Consequently, home prices began soaring.

Baner gains popularity

Baner was advantageously placed as the next destination to
cater to the demand for homes close to Hinjawadi. This is because of Baner's
strategic location, fast-developing infrastructure as well as its natural
beauty.

Excellent connectivity to other
neighbourhoods & cities

Baner is known for its and excellent connectivity to Mumbai
and other cities. The Mumbai-Pune Expressway, which is the most important
infrastructural development in Pune, lies in its vicinity. It has transformed
the once calm city into a hotbed of business activity. Another significant advantage
is Baner's location along the Mumbai-Bangalore highway.

In
the light of these advantages, Baner has transformed into
a realty hotspot that attracts investors from all over the country and even
beyond. It sees a massive share of serious inquiries from NRIs from the IT
sector as well as other industries.

As
a result, Baner's rate of property appreciation has been among the highest in
Pune over the recent years.